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Flipping

Have you ever heard the story of the guy who started with a red paperclip and traded it online for a knife and then kept trading up until he had a house? It's actually a great story and unbelievably he managed to go from the small red paperclip to a 3 bedroom house in fewer than 20 trades.

This is not that, but it's still a good story. Flipping, just like house flipping, is buying something and then selling it for more money. You can do this in the old-school way... I managed to buy a used foosball table and then sell it for twice what I paid for it at a garage sale, but flipping in 2023 is much more sophisticated. Maybe not really that much more sophisticated, but definitely easier. I mean, who really wants to have a garage sale anyway?

What is Flipping?

Flipping things online involves buying items for a low price and selling them for a higher price to make a profit. To make money, you can look for deals on online marketplaces or auction sites, such as eBay, Facebook Marketplace or Amazon, and resell the items at a higher price. It's important to research the market to understand what items are in high demand and what prices they are selling for, as well as to factor in any shipping or transaction fees. Consistency and building a good reputation with buyers is key to success in online flipping.

To research the market and understand demand and prices for potential items that you want to flip, you can:

Marketplaces for Flipping

Flipping Links and Resources